Arbitrum DAO has $3 billion in funding and hopes to learn from the practices of technology giants to implement mergers and acquisitions

PANews, May 17, according to DL News, Arbitrum DAO recently approved an eight-week MA pilot plan proposed by Bernard Schmid, a founding partner of Areta, a company that provides investment banking services to crypto companies. . This sets the stage for Arbitrum DAO to borrow strategies from large tech companies. "In addition to an in-depth strategic study of the potential for MA value upside, the pilot phase should serve as a platform for in-depth discussions based on data rather than opinions," the proposal reads. If the pilot is successful, Schmid plans to propose a more ambitious one Proposal: Establish an MA arm with a pool of $100 million to $250 million and identify and acquire potential targets within two years. The report commented that although large technology companies have long used mergers and acquisitions to promote their rapid growth, in the encryption field, this situation is relatively rare. The report also pointed out that Arbitrum DAO has US$3 billion in funds.

In a conference call on March 27, members of the DAO’s MA working group highlighted marketing companies, business development, infrastructure providers, stablecoin issuers and zero-knowledge technologies as the most attractive potential acquisition targets. Schmid also suggested purchasing other Layer 2 blockchains “to unify the ecosystem, expand the user base, and reduce competition and fragmentation in the space.”

However, not everyone agrees. “We are not quite sure there are enough MA opportunities for the DAO to execute at the scale outlined in the original proposal,” Arbitrum DAO representative Krzysztof Urbański of L2BEAT wrote in the governance forum, referring to the two-year implementation expected to follow a successful pilot. larger proposals. Nonetheless, L2BEAT voted to approve the eight-week pilot.